Urban One, Inc. (NASDAQ:UONE) Sees Large Decline in Short Interest

Urban One, Inc. (NASDAQ:UONE) was the recipient of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 23,500 shares, a drop of 17.3% from the October 15th total of 28,400 shares. Based on an average daily volume of 46,500 shares, the days-to-cover ratio is currently 0.5 days.

Urban One Price Performance

Shares of NASDAQ UONE opened at $1.41 on Friday. The stock has a market capitalization of $68.29 million, a price-to-earnings ratio of -0.83 and a beta of 0.92. The business has a 50-day moving average of $1.63 and a 200-day moving average of $1.92. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.77 and a quick ratio of 2.76. Urban One has a fifty-two week low of $1.23 and a fifty-two week high of $4.55.

Urban One (NASDAQ:UONE) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.31 earnings per share for the quarter. Urban One had a positive return on equity of 16.29% and a negative net margin of 17.82%. The company had revenue of $110.39 million during the quarter.

Insider Buying and Selling at Urban One

In other news, CFO Peter Thompson sold 200,000 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $1.23, for a total value of $246,000.00. Following the completion of the transaction, the chief financial officer now owns 320,642 shares in the company, valued at $394,389.66. This trade represents a 38.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 32.61% of the company’s stock.

Hedge Funds Weigh In On Urban One

An institutional investor recently bought a new position in Urban One stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Urban One, Inc. (NASDAQ:UONE) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 13,801 shares of the company’s stock, valued at approximately $27,000. 8.23% of the stock is owned by institutional investors and hedge funds.

Urban One Company Profile

Urban One, Inc, together with its subsidiaries, operates as an urban-oriented multi-media company in the United States. The company operates through four segments: Radio Broadcasting, Cable Television, Reach Media, and Digital. The Radio Broadcasting segment includes radio broadcasting operations that primarily target African-American and urban listeners.